AudioUK seeks industry data for UK tax relief

Podcast, radio and audiobook industry trade body AudioUK has launched a short anonymised survey to gather some key data as it steps up its work to secure Government measures to grow the UK podcast and audiobook sector.

Key among AudioUK’s policies, outlined in its manifesto produced earlier in the year, is a tax relief for podcasting and audiobook production. This would seek to echo other creative tax reliefs, in such areas as TV and film, in attracting a significant amount of additional international investment.

AudioUK produced a landmark report in 2021 to out the case for the tax relief and, as the new Government looks to put together its first Budget, is updating that report to seek to have an audio production tax relief included, to show the subsequent growth in the industry and future potential.

Chloe Straw, Managing Director of AudioUK, said:

“With an incoming Government in the UK, we are renewing our case for a podcast and audiobook tax relief to ensure we don’t lose out in terms of investment from interrnational brands, broadcasters, media companies, and platforms.”

“We are therefore gathering a small amount of data, anonymised at the point of input, to help update our 2021 report and make the strongest case possible.”

“We urge podcast and audiobook producers of all shapes and sizes to take a few minutes to complete this survey, which will be crucial in helping us to grow our industry and secure its place alongside other creative industries in terms of tax policy.”

AudioUK’s survey on tax relief can be found here.